Evonik Industries AG (OTCMKTS:EVKIF) Sees Significant Increase in Short Interest

Evonik Industries AG (OTCMKTS:EVKIFGet Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 347,062 shares, a growth of 97.7% from the June 30th total of 175,571 shares. Based on an average daily trading volume, of 70 shares, the days-to-cover ratio is presently 4,958.0 days.

Evonik Industries Stock Performance

EVKIF stock remained flat at $18.71 during midday trading on Wednesday. Evonik Industries has a one year low of $14.49 and a one year high of $22.22. The company has a fifty day simple moving average of $19.20 and a 200 day simple moving average of $18.33.

Evonik Industries Company Profile

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Evonik Industries AG is a Germany-based specialty chemicals company headquartered in Essen. Formed in 2007 through the carve-out of the chemicals division of RAG AG, the firm traces its origins to the Degussa chemical group, whose roots extend more than a century. Today, Evonik is recognized as one of the world’s leading providers of specialty chemicals, serving a broad array of industrial and consumer markets.

The company’s operations are organized into core business segments that include Nutrition & Care, Resource Efficiency and Performance Materials.

Further Reading

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